- We have seen long build up in the Larsen futures on Thursday, where we have seen 12 per cent addition in Open Interest with price rising by 2.7 per cent.
- Stock price has broken out the daily chart where it closed at highest level since 11- April 2022.
- The stock price has broken out from the downward sloping trendline, adjoining the highs of 18 January and 08 July 2022.
- Oscillators like RSI (11) and MFI (10) are in rising mode and placed above 60 on the daily chart, indicating strength in the current uptrend.
- Plus DI is trading above minus DI while ADX line is placed above 25, indicating momentum in the current uptrend.
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